VOL - TRANS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
VOL - TRANS
Largest movements
- Tangible fixed assets -€32,534
down €32,534 (-45.9%), from €70,837 to €38,303
of which Leasing and similar rights: -€20,576
- Cash -€5,930
down €5,930 (-17.3%), from €34,188 to €28,259
mainly Debts after one year (-€18,626) and Net result for the year (-€12,676)
- Receivables within one year +€2,373
up €2,373 (+12.1%), from €19,551 to €21,924
of which Trade receivables: +€1,472
- Debts after one year -€18,626
down €18,626 (-100.0%), from €18,626 to €0
- Reserves -€10,739
down €10,739 (-14.9%), from €72,079 to €61,340
of which Distributable reserves: -€10,739
- Current portion of long-term debt -€4,809
down €4,809 (-20.5%), from €23,435 to €18,626
- Profit (loss) carried forward -€1,937
new in 2025: -€1,937
- Trade debts +€1,566
up €1,566 (+180.1%), from €870 to €2,435
- Gross operating margin -€4,423
down €4,423 (-16.7%), from €26,533 to €22,110
- Depreciation -€601
down €601 (-1.9%), from €31,695 to €31,094
- Financial charges -€332
down €332 (-23.4%), from €1,421 to €1,089
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €124,576 | €88,486 | -€36,090 | -29.0% |
| Fixed assets | 21/28 | €70,837 | €38,303 | -€32,534 | -45.9% |
| Tangible fixed assets | 22/27 | €70,837 | €38,303 | -€32,534 | -45.9% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €30,176 | €20,461 | -€9,715 | -32.2% |
| Leasing and similar rights | 25 | €35,740 | €15,164 | -€20,576 | -57.6% |
| Other tangible fixed assets | 26 | €4,921 | €2,678 | -€2,243 | -45.6% |
| Current assets | 29/58 | €53,739 | €50,183 | -€3,557 | -6.6% |
| Amounts receivable within one year | 40/41 | €19,551 | €21,924 | +€2,373 | +12.1% |
| Trade receivables | 40 | €14,258 | €15,730 | +€1,472 | +10.3% |
| Other amounts receivable | 41 | €5,293 | €6,194 | +€901 | +17.0% |
| Cash at bank and in hand | 54/58 | €34,188 | €28,259 | -€5,930 | -17.3% |
| Total equity and liabilities | 10/49 | €124,576 | €88,486 | -€36,090 | -29.0% |
| Equity | 10/15 | €78,279 | €65,603 | -€12,676 | -16.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €72,079 | €61,340 | -€10,739 | -14.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €70,219 | €59,480 | -€10,739 | -15.3% |
| Profit (loss) carried forward | 14 | - | -€1,937 | -€1,937 | |
| Amounts payable | 17/49 | €46,297 | €22,882 | -€23,414 | -50.6% |
| Amounts payable after more than one year | 17 | €18,626 | €0 | -€18,626 | -100.0% |
| Financial debts | 170/4 | €18,626 | €0 | -€18,626 | -100.0% |
| Amounts payable within one year | 42/48 | €27,670 | €22,882 | -€4,788 | -17.3% |
| Current portion of amounts payable after more than one year | 42 | €23,435 | €18,626 | -€4,809 | -20.5% |
| Trade debts | 44 | €870 | €2,435 | +€1,566 | +180.1% |
| Suppliers | 440/4 | €870 | €2,435 | +€1,566 | +180.1% |
| Taxes, remuneration and social security | 45 | €3,211 | €1,800 | -€1,411 | -43.9% |
| Taxes | 450/3 | €3,211 | €1,800 | -€1,411 | -43.9% |
| Other amounts payable | 47/48 | €154 | €20 | -€134 | -86.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,695 | €31,094 | -€601 | -1.9% |
| Other operating charges | 640/8 | €1,838 | €2,098 | +€260 | +14.1% |
| Non-recurring operating charges | 66A | - | €283 | +€283 | |
| Gross operating margin | 9900 | €26,533 | €22,110 | -€4,423 | -16.7% |
| Operating profit (loss) | 9901 | -€7,001 | -€11,365 | -€4,364 | -62.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €1,421 | €1,089 | -€332 | -23.4% |
| Recurring financial charges | 65 | €1,421 | €1,089 | -€332 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | -€8,422 | -€12,454 | -€4,032 | -47.9% |
| Income taxes | 67/77 | €229 | €222 | -€7 | -3.2% |
| Profit (loss) for the period | 9904 | -€8,651 | -€12,676 | -€4,025 | -46.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,651 | -€12,676 | -€4,025 | -46.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.